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16 May 2011

Solar plane completes first international flight

The solar-powered Solar Impulse aircraft has completed its first manned international flight, indicating that long distance solar-powered flying is no longer a thing of the future.

16 May 2011

UK’s plan for emissions cuts, market reform under scrutiny

The UK’s reform of the energy market will fail to deliver the massive investment needed to keep the country’s lights on, a new report has found.

16 May 2011

Arclight closes in on $600m for latest fund

US energy-focused private equity firm Arclight Energy Partners has raised almost $600m towards its latest fund, and has set its sights on a $2bn final close.

13 May 2011

SMA Solar exceeds sales forecast

SMA Solar Technology followed its sales and earnings forecast for 2011 despite declining business figures in the first quarter. Sales of €256m in the first three months of 2011 exceeded the company’s forecast, but remained below the previous year's figure of €339m.

13 May 2011

Revenues down for wind turbine manufacturer REpower

Wind turbine manufacturer REpower Systems generated a total performance of €1.28bn and recorded revenues of €1.23bn for fiscal year 2010/11, according to its preliminary results.

13 May 2011

Beacon Power, Gaelectric enter energy storage development agreement

Energy storage technology company Beacon Power has entered into a development agreement with a subsidiary of Ireland's Gaelectric Group.

13 May 2011

Evergreen Solar in trouble as it looks for cash injection

daq-listed Evergreen Solar looks to be in difficulty and has stated that after reporting a sharp drop in revenues, it will need to secure additional sources of cash sooner than expected or look to restructure.

13 May 2011

Community Energy signs solar PPA with Exelon

NYSE-listed Community Energy Solar and Exelon Generation have closed a 15-year agreement for the purchase of power and renewable energy credits from a 6MW solar project that Community Energy is building in Pennsylvania.

13 May 2011

Tenaska’s solar project plans hit by US DOE announcement

e Following the Department of Energy announcement that it is to wind down its Loan Guarantee Program, energy developer Tenaska has been forced to look elsewhere for financing for two large-scale projects in Southern California.

13 May 2011

Solar company Yingli Green Energy issues $212m of medium-term notes

Vertically integrated photovoltaic manufacturer Yingli Green Energy has completed its issuance of $212.1m of RMB-denominated five-year medium-term notes.

13 May 2011

SunPower sees Q1 revenue drop, Total takeover still on

SunPower saw its revenues drop dramatically in the first quarter, totalling just $451.5m compared to $937.1m the period before.

13 May 2011

Law firm Dewey & LeBoeuf expands renewables team

Global law firm Dewey & LeBoeuf has added energy partner Jochen Terpitz to its Frankfurt office.

13 May 2011

Vestas demands stability, investment as it plans UK port factory

Danish wind turbine manufacturer Vestas has called for regulatory certainty and public investment to support its plans to prepare the Port of Sheerness in the UK for its new 7MW turbine manufacturing base.

13 May 2011

UK power utility E.ON boosts smart metering support

UK power utility E.ON has launched its new Smart Metering Centre of Excellence in Nottingham, England, providing a dedicated contact point for customers with smart meters.

13 May 2011

Gamesa’s Q1 sales all from outside home market

Spanish wind turbine manufacturer Gamesa generated all of its sales in the first quarter of the year from customers outside of its domestic market.

13 May 2011

Landis + Gyr eyes private equity acquisition

Smart metering company Landis + Gyr - which is reportedly valued in the region of $1.5bn - looks set to be taken over by private firms TPG and EQT Partners.

13 May 2011

South Korea signs $92m biomass power deal with Indonesia

South Korea has signed an investment agreement with Indonesia for 100bn won ($92m) of biomass generation projects, according to a recent statement from the South Korean Ministry of Environment.

13 May 2011

Natural Power teams with remote power specialists Ampair

Renewable energy consultancy Natural Power, through its product innovation business ZephIR, has announced a strategic partnership with remote power specialists Ampair to provide customers with a managed wind data and power service.

13 May 2011

Biofuel technology company Oxford Catalysts moves to commercial income

Listed biotechnology company Oxford Catalysts Group recorded revenues of £7.7m according to its results for the year ended 31 December 2010. While down on the £8.7m recorded in 2009, this reflects the company’s transition to commercial income, it said.

12 May 2011

FedEx buys KiOR renewable blendstocks

Delivery services company FedEx has signed an agreement to secure a ground fuel supply of next generation renewable fuel blendstocks from KiOR.

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